The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Hormel Foods Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :The price has risen above the Parabolic SARTrend resistance at 36.94The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Hormel Foods Corp. (HRL). During the week, the HRL gained 0.37 points, or 1.01%, and closed at 37.02 on Friday, August 03, 2018. HRL was trading at average weekly trading volume.

Long-term trend: [See HRL long-term trend chart]
A long-term uptrend had started on October 25, 2017 at 29.75 and reached 38.00 on December 5, 2017. HRL gained -8.25 points, or -27.73%, in 5 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 32.32 and resistance is at 40.61. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.

Medium-term trend: [See HRL medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 31.71 and reached 37.78 on July 12, 2018. HRL gained -6.07 points, or -19.14%, in 22 weeks. The price is now at the 12.52% retracement level.

Weekly Technical Indicators: [See HRL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since April 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See HRL short-term trend chart]
A short-term downtrend had started on July 12, 2018 at 37.78 and reached 35.44 on July 31, 2018. HRL lost 2.34 points, or 6.19%, in 19 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (36.94). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See HRL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 16, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.69
Williams' Percentage Range (W%R) 45.70
Lane's Stochastic (%D-Slow) 39.50
Greed/Fear Indicator (GFI) 47.49
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.28
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 74.38
Greed/Fear Indicator (GFI) 68.95
Moving Average Converg./Diverg. (MACD) 0.65
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 40.61
Upper Bollinger Band 37.76
Weekly Stochastic Crossing 37.09
Price 37.02
Weekly Trendline Resistance 36.94
20 Day Moving Average 36.85
50 Day Moving Average 36.54
Daily Stochastic Crossing 36.34
Lower Bollinger Band 35.53
Parabolic System 35.48
Weekly Trendline Support 35.35
Quarterly Trendline Support 32.32
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Meat Products 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.44
Low Date 07/31/2018
High 37.35
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 36.94
Support 35.35
High 37.78
High Date 07/12/2018
Low 35.44
Low Date 07/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.71
Low Date 02/06/2018
High 37.78
High Date 07/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 40.61
Support 32.32
Low 29.75
Low Date 10/25/2017
High 38.00
High Date 12/05/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.72
High Date 02/16/2016
Low 29.75
Low Date 10/25/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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